By fiscal year 2023, India will be looking at a whopping investment requirement of Rs 38.6 trillion in the infrastructure sector. Over a period of time, the government spending has completely overshadowed private sector investment which was 37 per cent in 2008, and a gradual downward curve between 2013 and 2017 was witnessed.

The new aviation policy has brought in a lot of forward-looking changes to boost the slumping aviation industry; these changes have been made to make the industry more dynamic and lucrative for all the players and to level the playing field. One of the major changes which have been welcomed by the smaller airlines is that, prior to the policy change, an airline needed to have 20 planes and five years of local operations to fly overseas.

The reactions are positive and industry is also quite optimistic on the introduction of NCAP 2016. The objective of the government through NCAP is to establish an integrated ecosystem enabling significant growth of the civil aviation sector, which in turn would promote tourism, increase employment and lead to balanced regional growth.

Cochin International Airport Ltd (CIAL) has registered 17.8 per cent growth in overall passenger traffic in 2016 compared with the previous calendar year. The cargo traffic growth during the period was nearly 16 per cent.

The infrastructure sector, with transportation at the forefront, is a key enabler, acting as no less than a spinal cord for any economy and India is no exception. The infrastructure sector can be referred to as a set of basic services, facilities and physical installations required for smooth functioning of quality life in a country.

The GST is a value-added tax that will replace all other indirect taxes in India. One purpose of the GST is to make taxes ´destination´ based rather than origin based, or ´efficiency´ based rather than ´regulation´ based.

Agree. Developing a domestic transshipment port is a good idea if we talk about seaports, there are several countries and commercial centers around the world that don’t have a seaport and these countries have to use the seaports of other countries in order to import or export their cargo, which will give a competitive advantage.

2

kishore tamidela says:

Adhering to international best business practices with niche boutique firms could open doors to easily tap financing from institutional investors both debt and equity.